Common use of Acknowledgment of Security Interests Clause in Contracts

Acknowledgment of Security Interests. (a) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent has had and shall on and after the date hereof continue to have, for itself and the benefit of Issuing Bank and the Bank Product Providers, a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor in whatever capacity) pursuant to the Existing Loan Documents to secure the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)

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Acknowledgment of Security Interests. (a) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent has had and shall on and after the date hereof continue to have, for itself and the benefit of the Issuing Bank and the Bank Product Providers, a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor in whatever capacity) pursuant to the Existing Loan Documents to secure the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Vector Group LTD), Credit Agreement (Vector Group LTD)

Acknowledgment of Security Interests. (a) Each Borrower Borrowers and Guarantor Guarantors hereby acknowledgesacknowledge, confirms confirm and agrees agree that Agent has had and shall on and after the date hereof continue to have, for itself and the benefit of Issuing Bank and the Bank Product Providers, have a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor in whatever capacity) pursuant to connection with the Existing Loan Documents to secure the ObligationsAgreement by each Borrower and Guarantor which is a party thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Travelcenters of America LLC)

Acknowledgment of Security Interests. (ai) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent has had and shall on and after the date hereof continue to have, for itself and the ratable benefit of Issuing Bank and the Bank Product ProvidersLenders, a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor predecessors in whatever capacity) pursuant to the Existing Loan Documents to secure the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Acknowledgment of Security Interests. (a) Each Borrower Borrowers and Guarantor Guarantors hereby acknowledgesacknowledge, confirms confirm and agrees agree that Agent has had and shall on and after the date hereof continue to have, for itself and the benefit of Issuing Bank and the Bank Product Providers, have a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor in whatever capacity) pursuant to connection with the Existing Loan Documents to secure the ObligationsAgreement.

Appears in 1 contract

Samples: Loan and Security Agreement (EveryWare Global, Inc.)

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Acknowledgment of Security Interests. (a) Each a Borrower and each Guarantor hereby acknowledges, confirms and agrees that Agent has had and Agent, for the ratable benefit of Banks, shall on and after the date hereof continue to have, for itself and the benefit of Issuing Bank and the Bank Product Providers, have a security interest in and lien upon the Collateral (as defined in the Existing Agreement) heretofore granted to Agent (or its predecessor in whatever capacity) Banks pursuant to the Existing Loan Documents to secure the Obligations, as well as any Collateral granted to or held by Agent or any Bank under this Agreement or any of the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hampshire Group LTD)

Acknowledgment of Security Interests. (a) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent has had and shall on and after the date hereof continue to have, for itself and the ratable benefit of Issuing Bank and the Bank Product ProvidersLenders, a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor predecessors in whatever capacity) pursuant to the Existing Loan Documents Financing Agreements to secure the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (C&d Technologies Inc)

Acknowledgment of Security Interests. (a) Each Borrower and Guarantor hereby acknowledges, confirms and agrees that Agent has had and shall on and after the date hereof continue to haveAgent, for itself and the ratable benefit of Issuing Bank Lenders, has and the Bank Product Providers, shall continue to have a security interest in and lien upon the Collateral heretofore granted to Agent (or its predecessor in whatever capacity) pursuant to the Existing Loan Documents Agreement to secure the Obligations, as well as any Collateral granted under this Agreement or under any of the other Financing Agreements or otherwise granted to or held by Agent or any Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Huffy Corp)

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